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Radiology platform 5C Network raises USD 1.2 million

Radiology platform 5C Network (India) Pvt. Ltd said Tuesday it has raised $1.2 million (Rs 8.84 crore) in its pre-Series A funding round from existing investors Unitus Ventures and Axilor Ventures.

Kalyan Sivasailam, CEO at 5C Network, said in a statement the company will use the fresh capital to boost its products and services that help doctors and patients make better decisions.

5C Network, which was founded by Sivasailam and Syed Ahmed, allows hospitals and diagnostics centres to upload scans to the cloud where automated data extraction and analysis is done by its proprietary algorithm.

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